Phoenix, AZ
Real Estate Trends

November 2016 Market Trend Report

THIS CITY IS A

BUYER'S MARKET

WHY IS IT A BUYER'S MARKET?

HOMES ACTIVE
HOMES SOLD
BUYER'S MARKET
SELLER'S MARKET

Looks like demand
is LOW in this area!

Home types

WHAT TYPES OF HOMES ARE SELLING?

Single family homes

778

SINGLE FAMILY HOMES

Condos

64

CONDOS

Townhouses

86

TOWNHOUSES

MEANWHILE...

793

HOMES LISTED

= 10 homes
8
Sold Already!

HOW MUCH DID BUYERS PAY

Sold Prices for November

HOW MUCH HOMES LISTED FOR?

Median List Prices

$260k
$7k
$222k$251k$281kNovOctSepAugJulJun

HOW FAST DID HOMES SELL?

Days on Market - Sold in November

UNDER
1 MONTH
50Homes
1-3
MONTHS
561Homes
OVER
3 MONTHS
342Homes

HOW LONG DID IT TAKE FOR HOMES TO SELL?

Median Days on Market for Sold Listings

73
DAYS
9%
6265697275NovOctSepAugJulJun

And finally...What's the hottest street in

Phoenix

e camelback rd

For November 2016, Phoenix, AZ has been a buyer's Market - demand in this city is low. The inventory of homes for sale in Phoenix, AZ was 5,181 and 953 homes were sold.